Target Corporation (TGT) - NYSE
  • Yesterday, 9:23 AM
    • Household spending by consumers increased 4.2% in Q2 to mark the best pace for the category since late in 2014.
    • The strong read on consumer spending contrasts with the tightening by businesses amid Brexit fears, F/X pain, and political jitters.
    • Retail ETFs trail broad stock market averages on the year after a May swoon, although most of the damage has been from the mall sector. Companies with a thriving e-commerce business and/or high mix of U.S. sales have held up.
    • Despite the painful headline Q2 GPD miss today, the underlying resiliency shown by consumers could bode well for a variety of retailers such as Amazon (NASDAQ:AMZN), Target (NYSE:TGT), Wal-Mart (NYSE:WMT), Costco (NASDAQ:COST), Kroger (NYSE:KR), Lululemon (NASDAQ:LULU), Dollar General (NYSE:DG), PriceSmart (NASDAQ:PSMT), and Williams-Sonoma (NYSE:WSM) to name a few (add your own ideas in the comments).
    • Retail ETFs: XLP, XLY, VDC, XRT, VCR, RTH, RETL, FXG, PBJ, IYK, FXD, IYC, RHS, FDIS, PEJ, FSTA, PSL, SCC, RCD, UCC, PEZ, PMR, PSCC, UGE, PSCD, SZK, BITE, JHMS, IBUY, CNSF, CNDF, JHMC
    | Yesterday, 9:23 AM | 5 Comments
  • Sat, Jul. 23, 1:08 PM
    • 7-Eleven and drone delivery service upstart Flirtey announce that they have completed the first fully autonomous drone delivery to a customer's residence. The pair says the development will help advance research toward integrating drones into the National Airspace System.
    • The drone delivery in the Reno area, which marked the first time a U.S. customer has received a package to their home via drone, included Slurpee drinks, a chicken sandwich, donuts, hot coffee, and candy.
    • Looking ahead, the two companies have plans to expand drone delivery tests and work closely together, according to a top 7-Eleven exec.
    • Drone watch: While there's some speculation on the ways that companies such as Amazon (NASDAQ:AMZN), Wal-Mart (NYSE:WMT), Walgreens Boots Alliance (NASDAQ:WBA), and Domino's Pizza (NYSE:DPZ) could use drone delivery, many industry watchers think emergency conditions (flood/forest fire/earthquake/medical) or niche situations (oil rigs/barrier islands/inaccessible roads) are the most likely scenarios for widespread drone action. Earlier this year, an article in the MIT Technology Review speculated that an intermediary dropping off point out such as the local Starbucks (NASDAQ:SBUX) store could be utilized instead of working out all the problems of home delivery.
    • Related (directly and tangentially) stocks: AMBA, AVAV, DJI, OTCQX:DRNE, HON, INVN, IXYS, GPRO, TRMB, FDX, UPS, TGT.
    | Sat, Jul. 23, 1:08 PM | 111 Comments
  • Wed, Jul. 20, 4:30 PM
    • Target (NYSE:TGT) hired a top supply chain exec away from Apple.
    • Benjamin Cook will take the position of senior vice president of global logistics, inventory allocation, and replenishment.
    • Ex-Amazon employee Arthur Valdez is at the top of Target's top supply chain roster.
    | Wed, Jul. 20, 4:30 PM | 5 Comments
  • Wed, Jul. 20, 7:59 AM
    • Target (NYSE:TGT) opens the doors to a new small-format store in New York City today in the Forest Hills area. At 21K square feet, the store is only about 16% the size of Target's average store.
    • The retailer aims to open another 14 smaller store this year to complement the 20 already opened in the new format. Execs think the strategy will help Target enter new neighborhoods with attractive upside.
    • Analysis from Morningstar indicates that sales productivity at smaller Target stores is double the level of traditional stores.
    • "We are optimistic about the growth prospects of Target’s urban and flex stores," says Morningstar analyst Ken Perkins.
    | Wed, Jul. 20, 7:59 AM | 5 Comments
  • Tue, Jul. 19, 11:26 AM
    • Procter & Gamble (PG -0.3%) is testing an online subscription service for Tide Pods as it continues to slowly analyze the potential impact of a direct-to-consumer model.
    • Last year, P&G introduced the Gillette Shave Club in an effort to match the upstart Dollar Shave Club. The late break by the company allowed the Dollar Shave Club to grow to 3.2M members.
    • Though a significant shift could be years away, a push by Procter toward selling a higher mix of products through online subscription services could have an impact on retailers such as Target (TGT -0.2%), Wal-Mart (WMT), and Walgreen Boots Alliance (WBA -0.2%). It could also be a positive development for FedEx (FDX -0.5%) and UPS (UPS -0.4%).
    | Tue, Jul. 19, 11:26 AM | 12 Comments
  • Thu, Jul. 14, 9:34 AM
    • Niantic Labs appears set to allow businesses to officially sponsor locations for in-game activities for Nintendo's (OTCPK:NTDOY, OTCPK:NTDOF) Pokémon, according to media reports.
    • That's not news to followers of Reddit posts which dug deep into the Pokémon code to discover bits with "McDonald's" already in it (see code here)
    • Though the monetization of the Pokémon phenomenon was widely expected, it also has deeper implications for retailers even beyond trying to scrap for foot traffic through establishing Lure modules, PokeStops, and Pokemon Gyms. Pokémon may come and go. The intersection of real-world shopping and augmented reality games is probably here to stay.
    • Companies with an eye on augmented reality and location-based entertainment as it relates to increasing traffic run far and wide. Restaurants (QSR, SBUX, MCD, CMG, WEN, NDLS, PNRA, DNKN), store chains (GPS, AEO, ANF, TGT, ROST, DG, DLTR), and movie theaters (AMC, CKEC, IMAX, CNK, RGC) come to mind.
    • Google (GOOGL, GOOG) is also keeping track of all the Pokémon developments as it served as an incubator for Niantic Labs up until the Alphabet creation. Recode says it's unclear what stake that Google still has in the software developer.
    • Pokémon news on Seeking Alpha
    | Thu, Jul. 14, 9:34 AM | 26 Comments
  • Sat, Jul. 9, 11:03 AM
    • Amazon (NASDAQ:AMZN) is gearing up for this year's Prime Day with marketing efforts running at full throttle.
    • The event scheduled for July 12 will see Prime members get a crack on deals on over 100,000 items. The company is promising a more engaging assortment this year after taking some criticism a year ago.
    • Last year, Amazon pulled in about $375M to $400M in revenue on Prime Day. MKM Partners estimates that mark could be doubled this year.
    • Analysis from JPMorgan suggests that Amazon Prime Day pulls forward some retail sales during a typically quiet period. The shopping bonanza and boost to Prime stickiness could be a headwind for Target (NYSE:TGT), Wal-Mart (NYSE:WMT), and Best Buy (NYSE:BBY). This year's event will also serve as a critical test for the Seattle e-commerce giant on the fulfillment front.
    • Amazon carved out a new all-time high of $746.10 on Friday. Shares are now up 70% over the last year which has led to no shortage of analysis and debate from Seeking Alpha contributors on the AMZN trade.
    | Sat, Jul. 9, 11:03 AM | 79 Comments
  • Thu, Jul. 7, 9:59 AM
    • Target (TGT -0.4%) is launching a new kids brands later this month in a major bet that it has a good read on the styles coveted by the pre-teen set.
    • Cat & Jack will replace Circo and Cherokee in a move toward a splashier, on-trend assortment (neon and graphics over logos). Kids clothing is one of the four so-called signature categories for the company where it sees sales growth potential and margin opportunities.
    • Bloomberg reports that Target has cut some lean deals with its Asia-based Cat & Jack suppliers, while adding flexibility.
    • Cat & Jack will launch on July 17. Toddler sizes will be available on August 7. A sneak preview is available on a special page on Target's website.
    | Thu, Jul. 7, 9:59 AM | 11 Comments
  • Fri, Jul. 1, 7:01 AM
    • June monthly performance was: -0.91%
    • AUM of $13.4B
    • 52-week performance vs. the S&P 500 is: -4%
    • $0.04 in dividends were paid in June
    • Top 10 Holdings as of 3/31/2016: JPMorgan Chase & Co (JPM): 2.91993%, US Treasury Note 1.125%, Citigroup Inc (C): 2.71706%, US Treasury Note 0.5%, General Electric Co (GE): 2.15542%, Bank of America Corporation (BAC): 1.79099%, Morgan Stanley (MS): 1.36115%, Target Corp (TGT): 1.36065%, US Treasury Note 1.625%, Carnival Corp (CCL): 1.28533%
    | Fri, Jul. 1, 7:01 AM
  • Fri, Jun. 17, 12:30 PM
  • Wed, Jun. 15, 10:58 AM
    • Target (TGT +1.5%announces the ten startups selected to be part of its tech accelerator program.
    • The ten startups will all relocate to Minneapolis and embed themselves at the Target HQ this summer. Ideas from the group include sentiment analysis, wearable technology to prevent sexual assault, DIY wedding flower arrangements, and supply chain innovation.
    • The accelerator program includes hand-on guidance from top Target execs.
    | Wed, Jun. 15, 10:58 AM | 1 Comment
  • Fri, Jun. 10, 11:29 AM
    • Back-to-school sales will increase 2.8% Y/Y to $828.81B, according to a forecast from eMarketer.
    • The once thriving July through August BTS season is now more spread out as more parents wait until the school year starts before jumping in.
    • The increased role in e-commerce has as lot to do with that trend. E-commerce BTS sales are seen rising 15% this year.
    • Amazon (NASDAQ:AMZN) and Staples (NASDAQ:SPLS) have benefited from the e-commerce push, while department stores such as J.C. Penney (NYSE:JCP) and Sears (NASDAQ:SHLD) have suffered as the concept of clothes stockpiling ahead of the opening day bell has been dismissed by the younger generation. Target (NYSE:TGT) and Wal-Mart (NYSE:WMT) grab a lion's share of the in-store BTS traffic.
    | Fri, Jun. 10, 11:29 AM | 10 Comments
  • Thu, Jun. 9, 12:23 PM
    • Retail stocks are broadly lower after a weak earnings report from Restoration Hardware (RH -21.2%) set a gloomy tone. The S&P Retail ETF (NYSEARCA:XRT) is 1.91% lower on the day.
    • Williams-Sonoma (WSM -4.8%) and Bed Bath & Beyond (BBBY -3.7%) are down sharply after the RH guidance dud.
    • Mall chain and department store stocks are also seeing some anxious trading as investors continue to bet on discounters and variety stores which target budget shoppers.
    • Notable decliners include Ascena Retail (ASNA -5.4%), Guess (GES -3.2%), Nordtrom (JWN -3.1%), Urban Outfitters (URBN -2.6%), Cato (CATO -2.6%), DSW (DSW -2.6%), and Gap (GPS -2%).
    • Target (NYSE:TGT) is down 1.6% after a rough annual meeting where there was much more attention paid to the company's transgender bathroom policy than execs probably desired.
    • Retail ETFs: XLY, XRT, VCR, RTH, RETL, FXD, FDIS, RCD, PMR, JHMC, CNDF
    | Thu, Jun. 9, 12:23 PM | 6 Comments
  • Wed, Jun. 8, 9:14 AM
    • Shares of Target (NYSE:TGT) are on the move after the company fired off a pretty sizable dividend increase. The new yield of 3.5% compares favorably in the retail sector.
    • Last quarter, Target returned $336M to shareholders in dividend payments and invested almost $900M in share repurchase.
    • Previously: Target declares $0.60 dividend (June 8)
    • TGT +1.11% premarket to $68.98.
    | Wed, Jun. 8, 9:14 AM | 25 Comments
  • Wed, Jun. 8, 8:08 AM
    • Target (NYSE:TGT) declares $0.60/share quarterly dividend, 7.1% increase from prior dividend of $0.56.
    • Forward yield 3.52%
    • Payable Sept. 10; for shareholders of record Aug. 17; ex-div Aug. 15.
    | Wed, Jun. 8, 8:08 AM | 33 Comments
  • Tue, Jun. 7, 2:42 PM
    • Target (TGT -0.2%) is applying more pressure on suppliers to reduce prices in order to compensate for slower sales at the retail chain.
    • Sources tell Reuters that they are being asked to to assume about 3% to 5% of the extra cost to promote some items and clear inventory.
    • Target has leverage with many suppliers that are anxious to clear shelves at Target to make way for new seasonal products. The company also has a new COO and top merchandising officer working in sync to improve merchandise margins.
    | Tue, Jun. 7, 2:42 PM | 29 Comments
Company Description
Target Corp. engages in owning and operating of general merchandise stores. It also operates SuperTarget stores with a line of food and general merchandise items and offers an assortment of general merchandise, including many items found in the company's stores and a complementary assortment,... More
Sector: Services
Industry: Discount, Variety Stores
Country: United States